Zhejiang Weiming Environment Protection Co., Ltd. (SHA:603568)

SHA:603568 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	7,131	7,129	5,993	4,450	4,236	3,111
Other Revenue	41.77	41.77	31.96	24.17	53.15	12.55
Revenue	7,173	7,171	6,025	4,474	4,289	3,123
Revenue Growth (YoY)	7.14%	19.03%	34.66%	4.30%	37.32%	53.25%
Cost of Revenue	3,440	3,460	3,166	2,360	2,260	1,433
Gross Profit	3,733	3,712	2,859	2,113	2,029	1,690
Selling, General & Admin	290.51	275.18	251.4	200.01	142.93	113.41
Research & Development	115.5	114.33	99.87	84.51	60.71	60.15
Other Operating Expenses	-15.18	-50.05	-32.57	-28.08	-41.44	-22.8
Operating Expenses	476.23	442.58	391.48	156.7	215.92	194.32
Operating Income	3,257	3,269	2,467	1,957	1,813	1,496
Interest Expense	-182.92	-188.02	-176.69	-173.83	-63.7	-29.94
Interest & Investment Income	65.13	54.93	33.56	25.37	11.23	7.33
Currency Exchange Gain (Loss)	4.35	4.35	6.72	4.4	0.02	-0.02
Other Non Operating Income (Expenses)	-106.68	-96.98	-98.3	-82.44	-51.94	-58.67
EBT Excluding Unusual Items	3,037	3,043	2,232	1,730	1,709	1,415
Gain (Loss) on Sale of Assets	-0.02	0.36	-1.13	0.85	-0.06	-0.07
Other Unusual Items	113.81	68.48	53.2	62	52.33	41.52
Pretax Income	3,142	3,112	2,284	1,793	1,761	1,456
Income Tax Expense	338.79	327.61	198.27	111.06	153.43	200.27
Earnings From Continuing Operations	2,804	2,784	2,086	1,682	1,608	1,256
Minority Interest in Earnings	-96.12	-80.6	-37.74	-17.84	-2.63	1.51
Net Income	2,707	2,704	2,048	1,664	1,605	1,257
Net Income to Common	2,707	2,704	2,048	1,664	1,605	1,257
Net Income Growth	20.16%	31.99%	23.09%	3.69%	27.65%	29.03%
Shares Outstanding (Basic)	1,692	1,690	1,693	1,698	1,638	1,635
Shares Outstanding (Diluted)	1,713	1,711	1,721	1,716	1,672	1,635
Shares Change (YoY)	-0.27%	-0.59%	0.33%	2.62%	2.28%	1.94%
EPS (Basic)	1.60	1.60	1.21	0.98	0.98	0.77
EPS (Diluted)	1.58	1.58	1.19	0.97	0.96	0.77
EPS Growth	20.48%	32.77%	22.68%	1.04%	24.80%	26.58%
Free Cash Flow	-453.94	-622.67	52.34	-52.79	-1,169	-945.22
Free Cash Flow Per Share	-0.27	-0.36	0.03	-0.03	-0.70	-0.58
Dividend Per Share	0.480	0.480	0.250	0.150	0.100	0.235
Dividend Growth	92.00%	92.00%	66.67%	50.00%	-57.37%	27.85%
Gross Margin	52.05%	51.76%	47.45%	47.24%	47.31%	54.11%
Operating Margin	45.41%	45.59%	40.95%	43.74%	42.27%	47.89%
Profit Margin	37.74%	37.70%	34.00%	37.20%	37.42%	40.25%
Free Cash Flow Margin	-6.33%	-8.68%	0.87%	-1.18%	-27.26%	-30.26%
EBITDA	3,861	3,861	3,014	2,427	2,067	1,707
EBITDA Margin	53.82%	53.85%	50.03%	54.25%	48.19%	54.64%
D&A For EBITDA	603.62	592.35	547.26	470.22	254.03	210.91
EBIT	3,257	3,269	2,467	1,957	1,813	1,496
EBIT Margin	45.41%	45.59%	40.95%	43.74%	42.27%	47.89%
Effective Tax Rate	10.78%	10.53%	8.68%	6.19%	8.71%	13.75%
Revenue as Reported	7,173	7,171	6,025	4,474	4,289	3,123
Advertising Expenses	-	0.04	0.31	0.57	0.24	0.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.